Demystifying the Rs 5000 guideline with Logic behind the move
Dec. 19, 2016
As per the new guidelines by RBI, people can deposit old notes exceeding Rs 5,000 in their bank account only once till 30th Dec, 2016. Such deposits in excess of Rs 5000 will be questioned by 2 bank officials and amount will be deposited only on providing satisfactory reasons regarding the delay in making such deposits. For logic behind the fresh guidelines along with the merits and demerits of such move, continue reading: